Five utilities suing the Tennessee Valley Authority for allegedly making electric sales to unauthorized third parties for resale outside its service territory have agreed to a joint settlement.
The settlement calls for TVA only to sell or deliver power to authorized exchange power companies. TVA agreed not to knowingly enter any exchange power transactions if the purchaser buys that power intending to resell it at wholesale to an unauthorized entity. TVA will reiterate its contract requirements with its exchange power companies. Finally, TVA agreed to make available information concerning those companies receiving exchange power from TVA.
Duke Power, Entergy Mississippi, and Southern Co. subsidiaries Alabama Power, Georgia Power, and Mississippi Power agreed to the settlement. It is subject to approval by Federal Judge U.W. Clemon.